Momentum Cloud.V33🌟 Introducing MomentumCloud.V33 🌟
MomentumCloud.V33 is a cutting-edge indicator designed to help traders capture market momentum with clarity and precision. This versatile tool combines moving averages, directional movement indexes (DMI), and volume analysis to provide real-time insights into trend direction and strength. Whether you’re a scalper, day trader, or swing trader, MomentumCloud.V33 adapts to your trading style and timeframe, making it an essential addition to your trading toolkit. 📈💡
🔧 Customizable Parameters:
• Moving Averages: Adjust the periods of the fast (MA1) and slow (MA2) moving averages to fine-tune your trend analysis.
• DMI & ADX: Customize the DMI length and ADX smoothing to focus on strong, actionable trends.
• Volume Multiplier: Modify the cloud thickness based on trading volume, emphasizing trends with significant market participation.
📊 Trend Detection:
• Color-Coded Clouds:
• Green Cloud: Indicates a strong uptrend, suggesting buying opportunities.
• Red Cloud: Indicates a strong downtrend, signaling potential short trades.
• Gray Cloud: Reflects a range-bound market, helping you avoid low-momentum periods.
• Dynamic Volume Integration: The cloud thickness adjusts dynamically with trading volume, highlighting strong trends supported by high market activity.
📈 Strength & Momentum Analysis:
• Strength Filtering: The ADX component ensures that only strong trends are highlighted, filtering out market noise and reducing false signals.
• Visual Momentum Gauge: The cloud color and thickness provide a quick visual representation of market momentum, enabling faster decision-making.
🔔 Alerts:
• Custom Alerts: Set up alerts for when the trend shifts or reaches critical levels, keeping you informed without needing to constantly monitor the chart.
🎨 Visual Enhancements:
• Gradient Cloud & Shadows: The indicator features a gradient-filled cloud with shadowed moving averages, enhancing both aesthetics and clarity on your charts.
• Adaptive Visual Cues: MomentumCloud.V33’s color transitions and dynamic thickness provide an intuitive feel for the market’s rhythm.
🚀 Quick Guide to Using MomentumCloud.V33
1. Add the Indicator: Start by adding MomentumCloud.V33 to your chart. Customize the settings such as MA periods, DMI length, and volume multiplier to match your trading style.
2. Analyze the Market: Observe the color-coded cloud and its thickness to gauge market momentum and trend direction. The thicker the cloud, the stronger the trend.
3. Set Alerts: Activate alerts for trend changes or key levels to capture trading opportunities without needing to watch the screen continuously.
⚙️ How It Works:
MomentumCloud.V33 calculates market momentum by combining moving averages, DMI, and volume. The cloud color changes based on the trend direction, while its thickness reflects the strength of the trend as influenced by trading volume. This integrated approach ensures you can quickly identify robust market movements, making it easier to enter and exit trades at optimal points.
Settings Overview:
• Moving Averages: Define the lengths for the fast and slow moving averages.
• DMI & ADX: Adjust the DMI length and ADX smoothing to focus on significant trends.
• Volume Multiplier: Customize the multiplier to control cloud thickness, highlighting volume-driven trends.
📚 How to Use MomentumCloud.V33:
• Trend Identification: The direction and color of the cloud indicate the prevailing trend, while the cloud’s thickness suggests the trend’s strength.
• Trade Execution: Use the green cloud to look for long entries and the red cloud for short positions. The gray cloud advises caution, as it represents a range-bound market.
• Alerts: Leverage the custom alerts to stay on top of market movements and avoid missing critical trading opportunities.
Unleash the power of trend and momentum analysis with MomentumCloud.V33! Happy trading! 📈🚀✨
Customindicator
Oscillating Length Moving Averages***CREDIT TO TradingView's TA Library*** (), Attempted to use "import TradingView/ta/4" to import the library, but for whatever reason
some of the functions failed to work, while others had no issue, so I opted to just copy paste what I wanted to use.
This moving average uses an oscillator to influence the length used during calculation. Extremely customizable/tunable with ability to change Max and Min length values, length multiplier, length multiple,4 different settings ,( Decline , <>Peak, >Decline , <>Peak, ><Trough
step6:Select Final Filtering method
step7:plot
RSI Influenced AverageUsing a couple of different ways of calculating (User selectable) the standard rsi oscillator is merged with a moving average for a slight variation. Plenty of options in the settings to play with like changing rsi length, MA length, lookback lengths, MA type, and much more. For Use with other moving averages ideally, or as a standalone indicator.
Rollin' pseudo-Bollinger Bands 5 linear regression curves and new highs/lows mixed together from the basis for this indicator. Using slightly different logic an upper boundary and lower boundary are formed. Then the boundary's are built upon to show price channels within the band using variations of fib levels and the distance between the initial boundary's. Dots plotted show the inverse of the close price relative to either the upper or lower boundary depending on where the close is relative to the center of the band. This shows the market's tendency for symmetry which is useful when looking for reversals etc. If it's too cluttered feel free to turn off some things in the options and keep what you feel is helpful.
MTF DPO-RSI IndicatorThis indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
In the settings menu, you may specify:
Indicator Timeframe - the chart resolution that is used to calculate values.
Source DPO Length - the number of bars used to calculate the Detrended Price Oscillator value. The DPO value is the source for the RSI calculations.
DPO Hull Smoothing - how much smoothing is applied to the DPO . Smoothing is accomplished by taking a Hull Moving Average of the closing price, and using this to calculate the DPO value.
RSI Length - the number of bars used to calculate the RSI of the DPO value.
Time Multipliers 1 through 6 - use this to define what resolution each plot will represent. A value of 1 will represent the current Indicator Timeframe. A value of 3 will represent 3 times the current Indicator Timeframe, etc.
Show Plot 1 through 6 - toggles the display of plots.
How I trade with this indicator:
A value of under 30 represents an over sold state for that particular plot. A value of over 70 represents an overbought state for that plot.
Identify divergences on a lower timeframe plot which are apparent in overbought or oversold conditions, and confirm the signal with an overbought or oversold condition, or a divergence on a higher timeframe plot. Divergences which begin in oversold or overbought territory and end inside the 30-70 range tend to be more reliable signals, in my experience. Like all indicators, this is best when used in conjunction with other indicators. Trend indicators, such as double EMA's and Supertrend are my favorite pairing, and a stochastic RSI is a good tool to have as well.
This is my first published indicator! If you find unique ways to use it, drop me a message. I'd love to know what you find. :)
CM MACD Custom Indicator - Multiple Time Frame - V2***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings Pane
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature
Updated Color Transparency plots to work in future update
Added Ability to Turn ON/OFF Show MacD & Signal Line
Added Ability to Turn ON/OFF Show Histogram
Added Ability to Change MACD Line Colors Based on Trend
Added Ability to Highlight Price Bars Based on Trend
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (CM_Ult_MacD_MTF_V2)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
ZigZag ChannelThis is recreation of Donchian Channel - Pivot High Low indicator present here:
But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator.
This indicator is created on top of existing Zigzag indicator using lines array:
Parameter HighLowLength refers to number of zigzag lines back which can be used to calculate top and bottom of donchian channel.
Donchian Channel - CustomThis is an extension to Donchian Channel - Pivot High Low indicator. Creating new version as the new type added isn't related to pivot high/low.
New type added is based on moving average. Instead of using highest and lowest of n bars, here, we are using lowest and highest of moving average of highs and lows for n bars.
Previous version of Donchian channel pivot points can be found here:
High/Low X Bars AgoThis indicator will plot a line on your chart that shows the highest high point between two previous points on the chart. It does this by reporting the highest point of X number of candles, and begins the look-back X number of candles ago.
Default candle group size is 50, and default look-back begins 50 candles back.
With these settings, the script will essentially plot the highest high point between the candle that printed 100 candles ago, and the candle that printed 50 candles ago.
Options are available for looking for the highest point, or lowest point, with configurable distances in the look-back and candle group ranges.
This script was custom built by Pine-Labs for a user who requested it.
MACD With Trend Filter: Visual Backtest Module TemplateSample Strategy: MACD Crossover with trend filter options
MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell
ADX Filter : Take trade only when ADX is above certain treshold
MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal
MACD Cross below signal line while above 0 line indicate Sell Signal
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Using Alert Module:
Enable Alert --> Enable TV's alert and plot signal to chart
Alert Type --> Set to take Buy only, Sell only or Both alert
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Using Backtest Module:
Enable Backtest --> Enable Backtest simulation
Backtest Type --> Set to take Buy only, Sell only or Both
SL Type -->
ATR : Set SL in ATR times Multiplier below/above entry price
Fixed : Set SL in fixed point below entry point (in 'Dollar'). e.g. for Stocks -> 0.5 equals to 50cent while for EURUSD currency -> 0.005 equal to 50 pips
HiLo Bar : Set SL at highest/lowest wick of previous bar plus/minus Fixed point. e.g. EURUSD HiLo=3 and Fixed Point = 0.0005, buy trade will place SL 5 Pips below lowest of previous 3 bar
SL ATR Period --> Set Lookback Period used for SL's ATR calculation
SL ATR Multi --> Set ATR Multiplier for SL
SL Fixed --> Set Fixed Level for SL (Use when SL Type is either Fixed or HiLo Bar)
SL Bar --> Set Number of previous bar to check for SL placement
TP RR Ratio --> Set TP based on RR multiplier. e.g. 2 means TP level will be twice further from entry point compared to Entry-SL distance.
Notes: The point is for preliminary testing, so it only supports 1 trade at a time and no Trailing Stop
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Disclaimer:
This script main objective is to create my personal indicator template so that i just have to modify the indicator module for preliminary testing in future.
Testing Alert Module so i can re-use it as template in future study/indicator
Testing Visual Backtest Module so i can re-use it as template in future study/indicator
i believe using Strategy function is a better approach for this but the entry/exit level seems to be hit n miss (at least for me, still trying to figure what i did wrong)
also, i rather code the strategy in other platform where i can use the more accurate tick data if i want to validate backtest statistics.
My study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy.
credit: ADX code are originally from "ADX and DI" by @BeikabuOyaji although i re-wrote so i can have cleaner read and use RMA instead of SMA
